The fund aims to achieve long-term capital growth by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.

?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.

?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.

-0.63

Beta

?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.

1.07

Sharpe

?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.

0.56

Volatility

?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.

11.49

Tracking error

?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.

4.02

Information ratio

?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.

-0.02

R-Squared

?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.

0.88

Price movement

52 week high207.8

52 week low141.8

Current bid price-

Current offer price-

Current mid price209.3

Region

1

USA

42.28%

2

Japan

10.47%

3

UK

9.01%

4

Money Market

5.04%

5

Germany

4.44%

6

Hong Kong

3.69%

7

Korea

2.78%

8

Switzerland

2.55%

9

Taiwan

2.49%

Industry sector

1

Financials

29.56%

2

Industrials

13.69%

3

Consumer Goods

10.21%

4

Technology

8.82%

5

Health Care

8.11%

6

Others

7.09%

7

Consumer Services

6.41%

8

Basic Materials

5.29%

9

Money Market

5.04%

Asset type

1

US Equities

42.28%

2

Japanese Equities

10.47%

3

UK Equities

9.01%

4

Money Market

5.04%

5

German Equities

4.44%

6

Hong Kong Equities

3.69%

7

South Korean Equities

2.78%

8

Swiss Equities

2.55%

9

Taiwanese Equities

2.49%

Individual holdings

1

M&G GLOBAL SELECT FUND

11.28%

2

SOURCE FINANCIAL S&P US SECTOR

10.61%

3

M&G EUROPEAN SELECT A INC GBP

10.34%

4

M&G MACRO EPISODE FUND

9.76%

5

M&G JAPAN A INC GBP

9.42%

6

M&G GLOBAL EMERGING MARKETS A ACC GBP

9.09%

7

M&G NORTH AMERICAN VALUE A INC GBP

8.75%

8

M&G ASIAN C ACC EUR

6.38%

9

M&G PAN EUROPEAN DIVIDEND A ACC GBP

5.71%

Management

Fund manager group

Zurich

Fund manager company

Zurich Assurance Ltd

Fund type

Pension Fund

Fund objective

The fund aims to achieve long-term capital growth by investing primarily in M&G’s funds, but also in appropriate collectives where M&G does not have the expertise. Up to 20% of its portfolio can also be directly invested in company shares and cash. The fund manager will use his judgement to decide on individual fund and stock weightings. Close consultation with M&G’s fund managers and analyst team is a key part of the decision-making process.

Benchmark

No Specified Index

Investment style

Growth

Investment method

No data available.

Fund managers

Name

Since

Biography

Craig Moran

01/11/2013

Craig Moran was appointed co-manager of the M&G Prudent Allocation Fund on launch in April 2015. He has also been deputy fund manager on the M&G Managed Growth Fund since 2013 and on the M&G Episode Allocation Fund and the M&G Dynamic Allocation Fund since 2011. Craig joined M&G in 2005 as a performance and risk analyst and was later promoted as a fund managers' assistant to the Multi Asset team. In 2010, he became the team's investment analyst. Craig holds a bachelor of business degree from Queensland University of Technology and a masters in applied finance and investments from the Financial Services Institute of Australasia. He is a CFA charterholder.

David Fishwick

31/08/2015

David Fishwick is Head of Macro and Equities Investment at M&G Investments and co-fund manager of the M&G Episode Macro Fund. Dave has more than 20 years of investment management experience, having joined Prudential Portfolio Managers (now M&G Investments) in 1987 as a European economist and subsequently being responsible for forming views on global bond and currency markets and applying them to multi-asset funds. In 1994, Dave relocated to Australia where he was appointed head of fixed interest and asset allocation strategy in 1997. During that time, he developed his ideas on market behaviour and designed the strategy, philosophy and process implemented for an overlay mandate for the Prudential Life Fund upon his return to Europe in 1999. In light of the success of this mandate, the M&G Episode Macro Fund was launched in 2010, which follows the same strategy. Dave has a BSc in economics from Brunel University, London. Eric Lonergan joined M&G in 2006 as a member of Dave Fishwick's multi asset team. Eric is currently manager of the M&G Episode Defensive Fund, launched in September 2012, as well as co-manager of the M&G Episode Macro Fund, launched in 2010. Prior to joining M&G, Eric was managing director and head of macro research at JP Morgan Cazenove. He has a BA in politics, philosophy and economics from Pembroke College, Oxford, and an MSc in economics from the London School of Economics.

Compliance

No data available.

Domicile

No data available.

Fund for sale in

United Kingdom

Zurich M&G Managed Growth Pn Inet

Initial charge-

Annual charge-

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)-

Bid price186.7

Offer price186.7

Mid price-

CurrencyGBX

Price updated08/12/2016

Type-

Institutional or retail classRetail

Domicile-

Citi codeAIS2

Zurich M&G Managed Growth Pn ZP

Initial charge-

Annual charge0.65%

Min single investment£0

Min regular saving£0

Available in ISANo

Ongoing charge (OCF)-

Total expense ratio (TER)0.82%

Bid price-

Offer price-

Mid price209.3

CurrencyGBX

Price updated08/12/2016

Type-

Institutional or retail classRetail

Domicile-

Citi codeZ329

Data provided by

The Content is only for your general information and use and is not intended to address your particular requirements. The Content does not constitute any form of advice, recommendation or arrangement by Moneywise and is not intended to be relied upon by you in making (or refraining from making) any specific investment or other decisions. Appropriate independent advice should be obtained before making any such decision.

This information is sourced from our partner Financial Express. We believe the data to be correct however you should take care in using any information.

You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.

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